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lewspaper b) A company is planning to sell a new smart fitness device. Developing the product will cost $700,000, and each product will cost $30
lewspaper b) A company is planning to sell a new smart fitness device. Developing the product will cost $700,000, and each product will cost $30 to manufacture. Market research suggests that if they sell the device for $100, they will be able to sell 30,000 items. For each $10 they lower the price, they estimate they will sell 5,000 more items. Assuming quantity demanded is linearly related to price, determine the price that will maximize profit. The firarinnroduct can be modeled by n 392 and the demand can be
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